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CITIBANK, N.A. v. MORGAN STANLEY & CO. INTERN.

No. 09 Civ. 8197(SAS).

724 F.Supp.2d 398 (2010)

CITIBANK, N.A., Plaintiff and Counterclaim Defendant, v. MORGAN STANLEY & CO. INTERNATIONAL, PLC, Defendant and Counterclaimant.

United States District Court, S.D. New York.

May 12, 2010.

Attorney(s) appearing for the Case

Gregory P. Joseph, Esq., Rachel Cherington, Esq., Gregory P. Joseph Law Office LLC, New York, NY, for Plaintiff.

Michael Carlinsky, Esq., Jonathan Pickhardt, Esq., Simona Gory, Esq., Amos Friedland, Esq., Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY, for Defendant.

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge:

I. INTRODUCTION

This case involves yet another high-stakes dispute arising from the recent economic turmoil. While the financial instruments around which this action revolves are complex, the Court's current task is straightforward: to ascertain whether a contract between financial titans Citibank, N.A. ("Citibank") and Morgan Stanley & Co. International, PLC ("MSIP") is unambiguous...

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